Infrastructure spending hurting states,air max one
The Grattan Institute says Australia's state and territory governments have spent more on infrastructure,ralph lauren uk, particularly road and rail,oakley outlet, over the past five years than at any time since statistics were first measured in the 1980s.
The borrowing for capital expenditure has sent their collective finances backwards from $37 billion in the black in 2006 to $69 billion in the red last year,p90x workout.
"States and territories are spending three per cent more of their budgets on interest and depreciation for past infrastructure,valentino," Grattan Institute chief executive officer John Daley said.
"This really hurts state and territory budgets already under strain from extra health spending,nike outlet store."
It follows then that if they want to keep up their infrastructure contributions,reebok shoes, they will need to start posting recurrent surpluses,nba jerseys, Mr Daley said.
According to the institute's new report,louis vuitton, Budget pressures on Australian governments,louboutin outlet, budgeting for big surpluses won't be easy.
That's because on current trends,jimmy choo shoes, Australian government budgets risk deficits of 4.5 per cent of GDP within the next decade,louis vuitton, the report finds.
In a bid to improve Australia's finances,supra for sale, the report backs reforms like raising the pension age and asking students to pay more for their university education.

dr dre Hoffman death p...ocus on heroin's comeback



hollister Fendi Wins One Over Counterfeiters

asics gel nimbus Alleged honour killing victim was

abercrombie and fitch Engineers bag top ranks